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Coin Stories with Natalie Brunell
News Block: U.S. Credit Risk, Treasury Auction Disaster, World’s Largest Bank Hacked, FDIC Party Culture Exposed, US Population Growth Near Zero
Nov 14, 2023
08:36
Snipd AI
This podcast covers topics such as the United States credit situation, failed bond auctions, a cyber attack on the world's largest bank, a report on the party culture within the FDIC, the launch of a new custody platform, and the impact of the fiat system on young Americans.
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Quick takeaways
- Moody's changes US credit rating outlook to negative due to rising interest rates, government spending, debt, and polarization.
- Weak demand in recent treasury auction suggests investor hesitation to lend to US government, exacerbated by cyber attack on Chinese bank ICBC.
Deep dives
US Credit Rating Outlook
Moody's has changed the outlook on the US credit rating from stable to negative, signaling a potential future downgrade. This is due to factors such as rising interest rates, increasing government spending, mountainous debt, and political polarization. The credit rating agencies have largely ignored the United States' precarious financial situation despite its massive debt. If the government fails to address these issues, it could have a significant impact on the markets.
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